Business & Economics

China comes down hard on Alibaba group, fines $2.78bn

Chinese regulators have hit top e-commerce giant Alibaba with a record 18.23 billion yuan ($2.78 billion) fine for violating anti-monopoly laws, it was announced on Saturday, April 10. The fine, the largest anti-monopoly fine ever […]

Business & Economics

Jack Ma emerges for first time since crackdown on Ant and Alibaba

Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire. China’s most recognizable entrepreneur […]

Business & Economics

ALIBABA INJECTS $488 MILLION HEALTH FOOD ASSETS INTO ALI HEALTH

HONG KONG (TIP): Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba’s healthcare flagship […]

Business & Economics

PAYTM GETS RS 9,079 CRORE IN ITS WALLET FROM SOFTBANK

TO INTRODUCE NEW FINANCIAL PRODUCTS 􀂄 The funding will help Paytm expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers 􀂄 SoftBank has committed investments […]

Business & Economics

Paytm to levy 2% fee on top up with credit cards

NEW DELHI (TIP): Paytm users will now have to pay a 2% fee for adding money to their wallets using credit cards. The move by the Alibaba-backed company came after it found multiple users using […]

Business & Economics

Snapdeal, Truecaller tie up for better shopping experience

NEW DELHI (TIP): Online marketplace Snapdeal, which is also the third largest e-commerce company of India, said on Thursday that it has partnered with Truecaller to enhance consumer experience by integrating Truecaller Priority in the […]

Business & Economics

FOREIGN FIRMS RUSH TO INDIA’S ONLINE MARKETPLACE

NEW DELHI (TIP): India‘s booming online marketplace business has attracted a new wave of merchants and sellers from countries such as China, South Korea, Japan, Singapore and the US. In fact, thousands of sellers are […]

Business & Economics

Alibaba to invest $1.25 bn in Chinese online food delivery service

SHANGHAI (TIP): Alibaba Group Holding Ltd has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday. The report, citing unidentified sources, said Alibaba will obtain a 27.7% stake in […]

Business & Economics

Alibaba.com says India one of its fastest-growing markets | SMILE

New Delhi: Alibaba Group’s wholesale trading platform Alibaba.com said on Monday, December 7, that India is one of its fastest-growing markets with about 4.5 million registered users. The Chinese e-commerce giant  is taking the Indian market […]

Business & Economics

World’s biggest online shopping day nets over $14 billion

SHANGHAI (TIP): E-commerce giant Alibaba said that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy. The November […]

Business & Economics

China now has more billionaires than US

BEIJING (TIP): Communist China has overtaken capitalist United States in the richie rich list with 596 billionaires to America’s 537. The stunning jump has taken place in the last one year — spurred by the […]

No Picture
Europe

After jokes, applause at dinner, China’s Xi Jinping gets down to US business

SEATTLE (TIP): A day after wooing Seattle’s elite with pop-culture jokes and promises of reform, Chinese President Xi Jinping gets down to business on Wednesday, meeting Apple Inc’s Tim Cook and other top tech executives. […]

The Indian Panorama - Newspaper - Logo
Business & Economics

‘ALIBABA FOUNDER JACK MA BIGGEST BILLIONAIRE GAINER OF 2014’

NEW DELHI (TIP): Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, […]